New York City Mayor Zohran Mamdani’s $22 billion housing proposal is drawing criticism from a business leader and a Republican lawmaker who warn parts of the plan could discourage developers and investors from building in the city.

On Tuesday, New York City Mayor Zohran Mamdani unveiled his plan to spend billions on new housing in an effort to make the city more affordable.

FOX Business' Madison Alworth joins 'Varney & Co.' to break down Zohran Mamdani’s housing plan as critics warn regulations and property seizure threats could drive capital from NYC.

New York City Mayor Zohran Mamdani yesterday released a far-reaching plan to build 200,000 affordable housing units and preserve an additional 200,000 units over the next decade to tackle the city’s housing crisis.

Mayor Zohran Mamdani's "Block by Block" plan aims to build 200,000 affordable homes in NYC over the next decade with a $22 billion investment. The plan includes tenant protections, NYCHA renovations,

In an interview with NBC News, Mamdani said housing policies have too often been framed as a “choice,” adding, “That doesn’t have to be the case any longer.”

New York City Mayor Zohran Mamdani is expected to announce on Tuesday that some distressed landlords will be exempt from his proposed rent freeze, according to a report by The Wall Street Journal.

New York City Mayor Zohran Mamdani announced a new "block by block" initiative to tackle the city's affordable housing crisis Tuesday morning.